Australia News

Labor to Consult Tech Sector Amid ‘Meme’ Backlash

The tech sector has expressed concerns about the impact of the government’s capital gains tax changes on start-ups.
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Labor to Consult Tech Sector Amid ‘Meme’ Backlash
Australian Finance and Women Minister Katy Gallagher holds a press conference at Parliament House in Canberra, Australia, on May 9, 2023. Martin Ollman/Getty Images
Monica O’Shea
&
Alfred Bui
|Updated:
0:00

The Albanese government will consult the tech and start-up sector on capital gains tax (CGT) changes amid an online backlash.

This comes after AI-generated memes targeting Prime Minister Anthony Albanese circulated widely online, including images portraying him as a silent partner of local businesses who shares in their earnings.
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Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]